On 11/30/2021, the CFPB issued a number of thresholds for 2022 under Regulation Z, as well as a threshold under Regulation M. First, the CFPB announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2021 will increase from the 2021 amount of $27,200 to $28,500 for 2022.

In addition, the threshold exempting certain loans from the Truth in Lending Act as well as the Consumer Leasing Act in 2022 will increase from the 2021 amount of $58,300 to $61,000 for 2022.

The appraisal adjustment can be found here.

The Regulation M adjustment can be found here.

The Regulation Z adjustment can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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